Policy2 sources
Coinbase receives approval to become a chartered trust bank
Engadget · By Steve Dent ·
The Brief · written from 2 sources
- The US Office of the Comptroller of the Currency (OCC) granted Coinbase full approval for a national trust bank charter.
- Coinbase said a key regulator has fully signed off on the charter.
- Sources say the charter could expand Coinbase's stablecoin business and let it issue stablecoins.
Why it matters
A federally chartered trust bank gives a major crypto exchange a clearer regulatory footing for custody and stablecoin activities, which may affect how developers build on or integrate with Coinbase services.
Who’s affected
- Developers building on Coinbase services
- Stablecoin issuers and crypto custody providers
- #coinbase
- #stablecoin
- #regulation
- #crypto
- #banking
Coinbase has received approval from the US Office of the Comptroller of Currency to become a nationally chartered trust bank.
Timeline
OCC grants Coinbase full approval for a national trust bank charter
Techmeme
The US OCC grants Coinbase full approval for a trust bank charter; sources say it could expand Coinbase's stablecoin business and let it issue stablecoins (Olga Kharif/Bloomberg)
Engadget - Technology News & Expert Reviews
Coinbase receives approval to become a chartered trust bank